S&P 500 closes near flat amid higher oil, chip losses
Wall Street's main index finished almost unchanged on Monday, while Nvidia slipped about 1 per cent and AMD and Marvell Technology also declined.
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What happened
The S&P 500 finished Monday almost unchanged as higher oil prices and memory chip stock declines weighed on the market. Nvidia fell about 1 per cent, while AMD and Marvell Technology eased 1.5 and 2.6 per cent. Trading in the next session was expected to be volatile.
Why it matters
Tuesday's session was forecast to be volatile for the S&P 500, Nasdaq, and Dow Jones.
Timeline
- Oct 12, 7:16 PM ET: The S&P 500 closed near flat on Monday as higher oil prices and memory chip stock losses kept markets in check.
- Oct 13, 8:10 AM ET: Forecasts called for volatile trading on Tuesday for the S&P 500 and Nasdaq, with Nvidia, AMD and Marvell Technology all lower.
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